Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0313%/8h= +34.3% APRpaid last 24h +0.054%

Price spread now: Binance against QFEX+0.016%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.016%, 7d avg +0.050%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.034% cheaper against QFEX than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.050%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day). At the pace of the last 4 days (+0.086% in total) that is about 34 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.086% in total (about 8.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	62.410	0.0052	pay 0.0007% / 1h	13m 39s	$1.0M	$78K	10x
Short	Binance DRAMUSDT	62.420	0.0366	get 0.0366% / 8h	4h 13m	$44.9M	$80.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee BinancebpOrdersPrice spread, now +0.016%Rate

Funding earned: $65.78
Price spread: +0.016% → +0.050%: −$3.36
Slippage, 4 orders: −$6.41
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $36.01
Costs to cover: 0.264%
Break-even: 3.2 days

Slippage from QFEX: live order book, 1 min ago; Binance: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 1 min ago	2.40 bp	7.4 bp −$7	8.7 bp −$87	14.7 bp −$1,469	doesn't fit
Sell Binance live order book, 14 min ago	0.80 bp	5.8 bp −$6	7.9 bp −$79	34.8 bp −$3,484	doesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx DRAM/USDC	0.0000%	1h	62.417	+0.012%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.430	+0.032%	$910	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.440	+0.048%	$1.7M	$1.3M	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0010%	8h	62.460	+0.080%	$37K	$173K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.395	−0.024%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.389	−0.034%	$1.0M	$1.1M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.400	−0.016%	$49K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.370	−0.064%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.396	−0.022%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.397	−0.021%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.360	−0.080%	$1.1M	$2.3M	10x	as long as short
QFEX DRAM-USDlong	+0.0052%	1h	62.410	long leg	$1.0M	$78K	10x
edgeX DRAMUSDC	+0.0066%	4h	62.390	−0.033%	$151K	$299K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0077%	1h	62.401	−0.014%	$81.7M	$35.4M	20x	as long as short
Bitget DRAMUSDT	+0.0078%	8h	62.430	+0.032%	$26.2M	$13.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0081%	8h	62.405	−0.008%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0099%	8h	62.440	+0.048%	$5.5M	$4.5M	50x	as long as short
Pacifica DRAM	+0.0100%	1h	62.428	+0.029%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.390	−0.032%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.064%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.420	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.412	+0.003%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0136%	8h	62.450	+0.064%	$9.7M	$9.7M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.128%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0154%	1h	62.401	−0.014%	$183K	$441K	25x	as long as short
Aster DRAMUSDT	+0.0251%	8h	62.423	+0.022%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0326%	8h	62.404	−0.009%	$2.4M	$747K	—	as long as short
Binance DRAMUSDTshort	+0.0366%	8h	62.420	+0.016%	$44.9M	$80.1M	50x
MEXC DRAM_USDT	+0.0367%	8h	62.420	+0.016%	$8.9M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0368%	1h	62.403	−0.011%	$76K	$622K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.400	−0.016%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0402%	8h	62.410	0.000%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0633%	8h	62.450	+0.064%	$8.2M	$3.5M	75x	as long as short